Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Intangibles (Tables)

v3.10.0.1
Goodwill and Other Intangibles (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Other Intangibles  
Changes in the carrying amount of goodwill by segment

Changes in the carrying amount of goodwill for the years ended December 31, 2018 and 2017, by segment, were as follows, in thousands:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross Goodwill

    

 

    

Gross Goodwill

    

   Accumulated   

    

Net Goodwill

 

 

at

 

 

 

at

 

Impairment

 

at

 

 

December 31, 2017

 

Additions

 

December 31, 2018

 

Losses

 

December 31, 2018

Goodwill, by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Installation

 

$

1,422,920

 

$

256,734

 

$

1,679,654

 

$

(762,021)

 

$

917,633

Distribution

 

 

416,287

 

 

30,096

 

 

446,383

 

 

 —

 

 

446,383

Total goodwill

 

$

1,839,207

 

$

286,830

 

$

2,126,037

 

$

(762,021)

 

$

1,364,016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Gross Goodwill

    

 

    

Gross Goodwill

    

   Accumulated   

    

Net Goodwill

 

 

at

 

 

 

at

 

Impairment

 

at

 

 

December 31, 2016

 

Additions

 

December 31, 2017

 

Losses

 

December 31, 2017

Goodwill, by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Installation

 

$

1,390,792

 

$

32,128

 

$

1,422,920

 

$

(762,021)

 

$

660,899

Distribution

 

 

416,287

 

 

 —

 

 

416,287

 

 

 —

 

 

416,287

Total goodwill

 

$

1,807,079

 

$

32,128

 

$

1,839,207

 

$

(762,021)

 

$

1,077,186

 

Schedule of other intangible assets

The following table sets forth our other intangible assets and associated amortization expense, in thousands:

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

    

December 31, 

    

December 31, 

 

December 31, 

 

    

2018

    

2017

 

2016

Gross definite-lived intangible assets

    

$

218,882

    

$

54,872

 

$

20,932

Accumulated amortization

    

 

(19,495)

    

 

(21,629)

 

 

(18,683)

Net definite-lived intangible assets

    

 

199,387

    

 

33,243

 

 

2,249

Indefinite-lived intangible assets not subject to amortization

    

 

 —

    

 

 —

 

 

407

Other intangible assets, net

    

$

199,387

    

$

33,243

 

$

2,656

 

    

 

 

    

 

 

 

 

 

Amortization expense

    

$

15,752

    

$

2,994

 

$

795

 

Future amortization expense related to definite-lived intangible assets

The following table sets forth the amortization expense related to the definite-lived intangible assets during each of the next five years, in thousands:

 

 

 

 

 

 

    

Amortization
Expense

2019

 

$

20,692

2020

 

 

20,692

2021

 

 

20,572

2022

 

 

19,713

2023

 

 

18,995